NAIC Survey Shows Majority of Homeowners Concerned About Climate Related Threats
Targeted News Service (Press Releases)
WASHINGTON,
National Association of Insurance Commissioners issued the following news release:
Nearly three quarters of consumers say the most significant threats facing their homes today are weather-related, and 68% are aware of things they can do to protect their properties to reduce risk. The top weather-related concerns are water damage from rain or snow melt, followed closely by wind damage from tornados and hurricanes. Just 27% of consumers cite non-weather-related risks, such as plumbing and appliance issues and theft as the most significant threats to their homes.
American Property Casualty Insurance Association: Agents Join Insurers in Action to Stop Washington Regulations That Will Likely Raise Rates
Targeted News Service (Press Releases)
OLYMPIA, Washington,
April 9, 2021:
Independent Insurance Agents and Brokers of Washington (IIABW) have joined the
American Property Casualty Insurance Association (APCIA) in a legal action to protect millions of
Washington consumers from regulatory action that will likely raise insurance rates. The organizations, acting on behalf of the insurance agents, brokers, and companies they represent, have filed a lawsuit to stop emergency regulations recently filed by Washington Insurance Commissioner
Mike Kreidler, which ban the use of credit-based insurance scores in the rating and underwriting of insurance.
Rep. Brownley Introduces Legislative Package to Protect Homeowners
Targeted News Service (Press Releases)
WASHINGTON,
Congresswoman
Julia Brownley (D-CA) announced the introduction of legislation to make homeownership more affordable for working families and to restore the deduction for property and casualty losses for property owners who lose their home in a disaster. The COVID-19 pandemic has created economic chaos for millions of American families, said Congresswoman
Julia Brownley. As our nation struggles to recover from the pandemic, we must take action to ensure a new foreclosure crisis does not take hold. Tax policy plays an important role in helping Americans achieve the dream of homeownership and keeping homeownership affordable.
American Health Care Association: Nursing Homes Face Imminent Closures Without Financial Support From Congress
Targeted News Service (Press Releases)
WASHINGTON,
National Center for Assisted Living issued the following news release:
Nursing homes across the country are in economic turmoil. Long-standing financial shortfalls, largely due to Medicaid underfunding, have been magnified by the COVID-19 pandemic. In addition, the pandemic has worsened chronic workforce shortages and has contributed to a drastic decline in patient census. Many nursing homes were already operating at a loss, and without immediate financial assistance, closures are imminent.
As
Modern Healthcare reports, The pandemic has thrown the long-term care industry into a tailspin.
Insurance Information Institute: 2021 Atlantic Hurricane Season Forecast to Be Above-Average
Targeted News Service (Press Releases)
SAINT JOHNS, Florida,
Insurance Information Institute issued the following news release:
An above-average level of tropical cyclone activity is projected for 2021, a year after a record-setting 30 named storms developed during 2020 s
Atlantic hurricane season, according to a forecast released today by
Colorado State University s (CSU)
Department of Atmospheric Science.
Led by research scientist
Insurance Information Institute (
Triple-I), the
CSU Tropical Meteorology Project team anticipates 17 named storms, eight hurricanes and four major hurricanes during the 2021 season, which starts on
June 1 and continues through
Nov. 30. A typical year has 12 named storms, six hurricanes and three major hurricanes.